PT Oiltanking Karimun

storage futures contract

About the PT Oiltanking Karimun Auction

Oiltanking Karimun (OTK) will provide advanced notification to qualified customers for the auctioning of refined product tank capacity at its Karimun Indonesia facility via the proprietary Matrix Auction Platform.

What Is the PT Oiltanking Karimun Auction?

The auction provides a transparent, competitive platform for individual companies to bid on available tank storage capacity at the Oiltanking Karimun facility.

Qualified customers who complete the Matrix and Oiltanking Karimun documentation will be notified in advance of any pending auction.

Utilizing the Matrix Auction Platform, customers can bid on term storage contracts for the exclusive use of a defined number of storage tanks for a defined time period.

PT Oiltanking Karimun is a joint venture between Oiltanking GmbH and Gunvor Group. The Karimun facility, which is strategically located within the Straits Hub, has a total storage capacity of 730,000 cbm and serves the growing demand for petroleum products in Asia.